Xponential Fitness Appoints New Directors, Adjusts Executive Pay
Ticker: XPOF · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1802156
| Field | Detail |
|---|---|
| Company | Xponential Fitness, Inc. (XPOF) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $78,750, $89,250, $9,975 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management-changes
Related Tickers: XPNT
TL;DR
XPNT adds two directors and revises exec pay – board shakeup incoming.
AI Summary
Xponential Fitness, Inc. announced on April 10, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Sarah M. Broderick and David L. Hoffman, to its Board of Directors. Additionally, the company entered into new employment agreements with certain officers, including a new employment agreement with its Chief Financial Officer, John J. Meloun, Jr., effective April 10, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect future strategy and performance.
Key Players & Entities
- Xponential Fitness, Inc. (company) — Registrant
- Sarah M. Broderick (person) — Newly Elected Director
- David L. Hoffman (person) — Newly Elected Director
- John J. Meloun, Jr. (person) — Chief Financial Officer
- April 10, 2024 (date) — Effective date of new agreements and director appointments
FAQ
Who were the new directors elected to Xponential Fitness's Board?
Sarah M. Broderick and David L. Hoffman were elected as new directors to the Board of Directors of Xponential Fitness, Inc.
What is the effective date of the reported changes?
The earliest event reported, including the election of directors and new employment agreements, is dated April 10, 2024.
Did Xponential Fitness enter into new employment agreements with any officers?
Yes, Xponential Fitness, Inc. entered into new employment agreements with certain officers, including its Chief Financial Officer, John J. Meloun, Jr.
What is the principal business address of Xponential Fitness, Inc.?
The principal registered offices of Xponential Fitness, Inc. are located at 17877 Von Karman Ave., Suite 100, Irvine, CA 92614.
What is the IRS Employer Identification Number for Xponential Fitness, Inc.?
The IRS Employer Identification Number for Xponential Fitness, Inc. is 84-4395129.
Filing Stats: 792 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-04-11 16:12:01
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share XPOF New York Stock Excha
- $78,750 — will consist of annual cash retainer of $78,750, annual RSU award with a value of $89,2
- $89,250 — 8,750, annual RSU award with a value of $89,250 and an annual cash fee of $9,975 for se
- $9,975 — ue of $89,250 and an annual cash fee of $9,975 for service on the Audit Committee. In
Filing Documents
- d782374d8k.htm (8-K) — 25KB
- d782374dex991.htm (EX-99.1) — 9KB
- 0001193125-24-093223.txt ( ) — 163KB
- xpof-20240410.xsd (EX-101.SCH) — 3KB
- xpof-20240410_lab.xml (EX-101.LAB) — 18KB
- xpof-20240410_pre.xml (EX-101.PRE) — 11KB
- d782374d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. 99.1 Press Release dated April 11, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 11, 2024 Xponential Fitness, Inc. By: /s/ John Meloun Name: John Meloun Title: Chief Financial Officer